Token Cat Limited – Sponsored ADR (NASDAQ:TC) Sees Significant Increase in Short Interest

Token Cat Limited – Sponsored ADR (NASDAQ:TC – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 302,346 shares, an increase of 981.8% from the September 30th total of 27,949 shares. Based on an average daily trading volume, of 4,030,434 shares, the short-interest ratio is currently 0.1 days. Approximately 17.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

TC has been the subject of a number of research reports. Wall Street Zen raised shares of Token Cat from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Token Cat in a research note on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Get Our Latest Stock Report on Token Cat

Token Cat Trading Down 6.6%

Shares of TC stock opened at $1.12 on Wednesday. The stock has a 50 day moving average of $1.76 and a 200 day moving average of $6.63. Token Cat has a twelve month low of $1.14 and a twelve month high of $19.99.

Token Cat (NASDAQ:TC – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The company reported ($0.71) earnings per share for the quarter. The firm had revenue of $1.43 million for the quarter.

Token Cat Company Profile

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TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.

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